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Technical Inefficiency and Public Capital in U.S. States: A Stochastic Frontier Approach

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  • Jaume Puig-Junoy
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    Abstract

    This paper estimates a translog stochastic frontier production function in the analysis of all 48 contiguous U.S. states in the period 1970-1983, to attempt to measure and explain changes in technical efficiency. The model allows technical inefficiency to vary over time, and inefficiency effects to be a function of a set of explanatory variables in which the level and composition of public capital plays an important role. Results indicate that U.S. state inefficiency levels are significantly and positively correlated with the ratio of public capital to private capital. The proportion of public capital devoted to highways is negatively correlated with technical inefficiency, suggesting that not only the level but also the composition of public capital influences state efficiency. Copyright 2001 BlackwellPublishers

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    Bibliographic Info

    Article provided by Wiley Blackwell in its journal Journal of Regional Science.

    Volume (Year): 41 (2001)
    Issue (Month): 1 ()
    Pages: 75-96

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    Handle: RePEc:bla:jregsc:v:41:y:2001:i:1:p:75-96

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    Cited by:
    1. Gianpiero Torrisi, 2010. "Infrastructures and Economic Performance: A Critical Comparison Across Four Approaches," Theoretical and Practical Research in Economic Fields, ASERS Publishing, vol. 0(1), pages 86-96, June.
    2. Pedro Macedo & Elvira Silva, 2010. "A stochastic production frontier model with a translog specification using the generalized maximum entropy estimator," Economics Bulletin, AccessEcon, vol. 30(1), pages 587-596.
    3. Stephen P. A. Brown & Kathy J. Hayes & Lori L. Taylor, 2002. "State and local policy, factor markets and regional growth," Working Papers 0202, Federal Reserve Bank of Dallas.
    4. Puig-Junoy, Jaume & Argiles, Josep M., 2004. "The influence of management accounting use on farm inefficiency," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 5(2), August.
    5. Bertarelli Silvia, 2006. "Capitale pubblico e crescita: una sintesi critica," Politica economica, Società editrice il Mulino, issue 3, pages 361-398.
    6. Rodríguez Vález, J. & Arias Sampedro, C., 2004. "Desbordamiento espacial de la productividad de las infraestructuras: una aplicación con fronteras estocásticas," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 22, pages 1-16, Diciembre.
    7. Heru Margono & Subhash Sharma & Kevin Sylwester & Usama Al-Qalawi, 2009. "Technical efficiency and productivity analysis in Indonesian provincial economies," Applied Economics, Taylor & Francis Journals, vol. 43(6), pages 663-672.
    8. Metin KARADAG, 2010. "The Impact of Public Capital on the Efficiency of Private Manufacturing Industry at the Regional Level," Ege Academic Review, Ege University Faculty of Economics and Administrative Sciences, vol. 10(4), pages 1167-1174.
    9. Torrisi, Gianpiero, 2009. "Public infrastructure: definition, classification and measurement issues," MPRA Paper 12990, University Library of Munich, Germany.
    10. Brock, Gregory & German-Soto, Vicente, 2013. "Regional industrial growth in Mexico: Do human capital and infrastructure matter?," Journal of Policy Modeling, Elsevier, vol. 35(2), pages 228-242.
    11. repec:ebl:ecbull:v:30:y:2010:i:1:p:587-596 is not listed on IDEAS
    12. Mª Jesús Delgado Rodríguez & Inmaculada Alvarez Ayuso, 2004. "Capital público y eficiencia productiva: evidencia para la UE-15," Hacienda Pública Española, IEF, vol. 168(1), pages 27-46, marzo.
    13. Sharma, Subhash C. & Sylwester, Kevin & Margono, Heru, 2007. "Decomposition of total factor productivity growth in U.S. states," The Quarterly Review of Economics and Finance, Elsevier, vol. 47(2), pages 215-241, May.
    14. Loaiza Quintero, Osmar Leandro & Franco Vásquez, Liliana Yaned, 2012. "Un estudio acerca de los determinantes de la productividad y la ineficiencia técnica en la industria colombiana, 1992-2007
      [Determinants of productivity and technical inefficiency in Colombia’s
      ," MPRA Paper 47736, University Library of Munich, Germany, revised 20 Jun 2013.

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